While the median for Quebec is $224,900 , which means that Bowman’s median price is $240,000 better than average than the rest of the province.
Bowman’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 283th neighbourhoods in Quebec, and Bowman has the 283th most choice available for real estate investors.
Will prices rise across the next year in in Bowman? There are a number of real estate indicators to consider.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Bowman, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 30, this month we show 31.
Is Bowman a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bowman there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.